China slaps retaliatory tariffs of 84% on U.S. goods in response to Trump
China slaps retaliatory tariffs of 84% on U.S. goods in response to Trump
www.cnbc.com
China slaps 84% retaliatory tariffs on U.S. goods in response to Trump
64 comments
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It's quite fun because while this will hurt China the Chinese state can still actually do things, and the Chinese economy can still make things. Neither of which is true for the US outside the key industries of Tech grifting, corn so unprofitable a 1960s soviet agriculturalist would reject it, and genocide supplies.
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Honestly it might even end up being good for them in the medium term to be divorced from the US.
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Yes, great time to build up domestic demand and raise living standards in China.
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It also just provides an impetus for the state to further restrict capital, it's a state of exception.
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Oh yes, that would be great!
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64 comments